Heranba Industries IPO- Investment Rationale: KRChoksey
A farmer sprays fungicide onto a field of rice. (Photographer: Dimas Ardian/Bloomberg)

Heranba Industries IPO- Investment Rationale: KRChoksey

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

Heranba Industries is a crop protection, chemical manufacturer, exporter and marketing company.

It started its manufacturing operation in 1996 with production of an Intermediate product CMAC.

Heranba manufactures Intermediates, Technicals and Formulations and is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permethrin, lambda cyhalothrin etc.

Heranba has a network of ~9,400 dealers and access to 21 depots and caters to 16 states and one union territory of India.

Heranba has in-house R&D team for product development and improvisation.

Click on the attachment to read the full report:

KRChoksey Research Heranba Industries Result Update.pdf

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